A whale has started to close its short position on the S&P 500, currently realizing a profit of $1.44 million

According to Odaily, on-chain analyst Ember Monitoring reports that the US CPI data will be released at 8:30 PM this evening. The whale believes the stock market will rise following the data release and has begun to close its 50x short position on the S&P 500, valued at $148 million on Hyperliquid. The short position was opened yesterday afternoon and is currently showing a profit of $1.44 million.